Circuit City sees loss in Q3; goes cautious on Q4

MichaelBaron

Circuit City
CC, -0.14%
is saying that it sees a loss of 5 to 8 cents per share, excluding items, for the third quarter. This estimate is below the consensus view of analysts polled by Thomson First Call for a loss of a penny per share in the period. Previously, company had anticipated a small profit for the quarter. The Richmond, Va., electronics retailer sees same-store sales growth in the upper single-digit range for the period. Circuit City said that sales in its higher profit categories, such as digital satellite systems and wireless communications, have slowed. The company also plans to adopt a "more cautious" outlook for the fourth quarter. The shares closed Monday at $10.20, up 0.9 percent.

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